How does this insurance relate to any outstanding loans?

If you lose your job in a sudden manner then it is certainly an understatement to say that you will have to assess all your financial obligations and ensure you can remain afloat at this difficult time.

However, with an income protection insurance policy in place, this can help you out in a number of ways. One of these is with regards to any major loans you have taken out.

The ability to continue with the repayments is important despite the change in your circumstances and even though your source of income has been severely affected, you can use the insurance to meet all your loan requirements.

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